UK inflation falls to 3%, boosting hopes of early cut in interest rates
by Phillip Inman and Tom Knowles from on (#73N4D)
January annual drop is lowest level since March 2025, although still above Bank of England's 2% target
UK inflation tumbled to 3% in January, giving a boost to hopes of an early cut in interest rates by the Bank of England.
The slowdown was in line with a majority of City economists' forecasts and marks the lowest level since March 2025.
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